Tether projected to earn $15B in profit this year
Crypto Briefing
Tether, the leading stablecoin issuer, is projected to achieve $15 billion in profit this year.Summary
Tether, the issuer of the leading dollar-pegged stablecoin, is projected by CEO Paolo Ardoino to earn $15 billion in profit this year, boasting an impressive 99% profit margin. The company maintains its operations efficiently with a small team and directs a portion of its earnings toward acquiring Bitcoin to strengthen its reserves. CEO Ardoino promotes stablecoins as essential tools for global financial inclusion, positioning Tether as a resilient alternative, particularly for enhancing financial access in emerging markets.
(Source：Crypto Briefing)